chase vs bank of america reddit

Chase offers an impressive selection of mobile banking tools, including mobile deposit and on-the-go account management. Prviously had a BOA credit card - it was basically useless. Chase (assuming we go with Chase, which we probably will from the input) will be for a checking account to have access to more atms and our credit card. Dear God, no. Chase and Bank of America both make it easy to waive monthly fees. SunTrust Bank is a southeastern regional bank known for good customer service. US Bank has different locations with more than 3,000 branches across 26 states. We also have our mortgage with them. BofA credit cards do not have the simple autopay system like other credit card companies; you have to set it up as an e-bill. Chase is less dirty. I have 3 banks I use for various purposes that I have never set foot in, Pen Fed credit union, Navy Fed and GS Bank. Hello everyone, I was seeking some advice on the two banks mentioned above. However out of the two banks you named I would go with Chase, they seem like a growing company while BofA (fault may or not be theirs) is losing their national foot print and selling branches. Chase’s base rate is the lowest you can possibly earn, at a 0.01% APY. I don't have any experience with BoA as I've used Chase exclusively for the past 15+ years, but I have nothing bad to say about them. Never going back. Haven't had any problems with BOA checking. Also, it breaks down on what you spend your money on! If you prefer to do your banking in person, Bank of America has branches in 37 states compared to Chase‘s 26. are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states. Their app is the best. The credit card at the credit union isn't great as far as cash rewards. Press question mark to learn the rest of the keyboard shortcuts. Spending limit. But in an era of low rates, small differences can carry the day. Any advice comparing the two or personal experiences would be appreciated. Bank of America Travel Rewards vs. Chase Sapphire Preferred The Bank of America® Travel Rewards credit card, on the other hand, doesn’t offer quite as much value. (We use a credit union for savings and our mortgage). Bank of America Premium Rewards: Earn 2 points per $1 on all travel and dining and 1.5 points per $1 on all remaining purchases plus Bank of America Preferred Rewards bonus. Much better service and there has been much less corruption found with their executives. Looks like you're using new Reddit on an old browser. Yup, this is why I love Chase so much. SunTrust Bank has 1,400 branches in the Southeast region. I would choose the bank based on who has the most readily accessible ATMs/branches. I love Chase's credit cards for the rewards, but I have no desire to bank with them. How does it compare to Bank of America Cash Rewards, a cash back credit card? Saving. Their app is great, service is great, and all of my credit cards are Chase cards (CSR, Freedom), so I can manage everything through a single portal. With online bill pay, direct deposit, mobile banking the need for a person who is tech savy to go to a bank is getting lower and lower. Fact checked. We will basically be using either bank for our direct deposits from work and a credit card. IRAs. Slightly higher interest rates. BOA would charge you to park in the parking lot if allowed. Both Chase and Capital One offer checking accounts, savings accounts, certificates of deposit (CDs) and IRAs. Different banks offer … I get alerts on my phone immediately after a card is used. But why not look at a local bank or a credit union? Read our comparison chart below. You don't have to bank with Chase or BoA to use their credit cards. Keep in mind, the Chase Sapphire Preferred has a $95 annual fee, while the Bank of America Cash Rewards has a $0 annual fee. "Chase Private Client" is the brand name for a banking and investment product and service offering. So, for those people who prefer the convenience of having a lot of locations and ATMs — even when they’re out of town — deciding between these two options can be a tough one. Credit cards based on point rewards. That, happens to me like two times, and I will get hit with an overdraft fee, because that transaction didn't post. can't hurt. SunTrust Bank vs Bank of America. Three of the world's biggest banks—Bank of America, Citi, and Chase—all offer high-net-worth management solutions. Personally, I love Chase because their data updates in real-time. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. PNC vs. Chase: Bank Accounts. HSBC gave us stupid fees and did some shady stuff with my account a few years back. BofA has slightly higher APRs, with CDs capped at 2.10% and savings accounts up to 0.06%. Online-only bank CD rates earn more than twice what Bank of America and Chase CDs earn for one-year and five-year terms. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. How does it compare to Bank of America? I have my checking, savings, and cc with chase. I currently love the bank I’m with, however, I have moved and there are no locations close by. Chase is one of the biggest banks in the Unites States, they offer everything from personal banking to mortgages to loans, as well as a popular range of credit cards.. Not to mention, they offer more checking options compared to other competitors. There is of a variety of checking and savings account options … Bank of America offers more options for IRA, and doesn’t offer an option to open one directly. The bottom line: Choose the … Chase Sapphire Preferred is a high-earning rewards card for those with excellent credit. But with a strong spending bonus on every purchase and a flexible rewards program, it’s one of the best – and least complicated – no annual fee travel cards around. The Chase Freedom gives you 5 percent cash back, but on rotating categories that you must activate and monitor each quarter. Read our comparison chart below. On five year CDs, Chase comes out slightly ahead. Press question mark to learn the rest of the keyboard shortcuts. You can choose what day of the month and the amount to transfer to your savings account if you'd like to save this way. If you open your Chase app, it will be listed there. Chase vs Bank of America. The Bank of America vs. Chase vs. Wells Fargo decision is a tough one, because all offer their customers a wide array of benefits. Join our community, read the PF Wiki, and get on top of your finances! Chase Performance vs Bank of America Business Advantage Checking. It also has auto-sav. I have been with Chase for roughly 5 years, and with Bank of America for less than 6 months. Is there a reason you can't just do your normal banking at your CU and use the credit cards from Chase and/or BoA? Wondering if you're considering any online only banks. I have Chase for credit cards and BOA for checking. PNC and Chase equally offer relatively similar products, but account types, fees and conditions are different for each bank. Bank of America has lower advertised rates for both new and used car loans. This is the first time ive used reddit for something like this and its been very nice being able to see different viewpoints and support. Looks like you're using new Reddit on an old browser. The BoA has a combined spending limit of $2,500 on 2 percent and … Here’s the breakdown: Chase Performance Business Checking. I just moved to Chase from BOA. My parent's house mortgage was originally with HSBC but they sold our mortgage off to a chain of other mortgage lenders so our mortgage statement isn't even coming from HSBC anymore. Thank you. The Chase Sapphire Preferred is the gold standard for travel cards at the $95 annual fee level, but Bank of America's option has some advantages too. Things I'm comparing are the credit cards (Freedom unlimited and Cash Rewards), mobile app usability, customer service and overall experiences with both banks. You don't have to wait X amount of time before it shows up, which I love. Chase also wins high marks for creating one of the best credit cards, the Chase Sapphire Reserve℠ credit card, which is designed for individuals with excellent credit. My main bank (checking, share/savings, and mortgage) is a credit union. You earn 1 percent on all other purchases, similar to BoA. Chase Bank vs. Bank of America mortgages Chase and Bank of America are two of the country’s biggest banks, but should you choose one over the other for your next home loan? Chase is 100% the better choice. The company provides financing for car shoppers that want to buy from a private seller (visit a local branch for details). But Bank of America has some stiff competition from Chase, which has over 5,000 branch offices, about 10% more than Bank of America, and an equivalent number of ATMs nationwide. In comparison to PNC Bank that has over 2,600 PNC branches across 19 states. Chase offers two primary savings accounts, including the Chase Savings and Chase Premier Savings accounts. After testing 15 of the best online brokers over five months, Merrill Edge (88.87%) is better than Chase You Invest Trade (68.86%). I’ve had too many circumstances where I’ve had to request another form of payment due to the lack of a local branch at my current location. Cookies help us deliver our Services. Customer service is great. How much money would you have associated with your bank? If anyone has preference or insight comparing the two banks it would be appreciated. My wife and I were recently married. This includes the PNC Standard Savings and the PNC “S” is for Savings accounts. Wells Fargo and Chase are two of the largest U.S. banks, and they make it convenient to bank in person, with many ATMs and branches. During the analysis period, Chase published an average rate of 3.44%, Bank of America 3.65% and Wells Fargo 3.70%. The Chase Freedom and Bank of America Cash Rewards Cardare both valuable rewards credit cards, providing their cash back for some of the same types of purchases. It's also the only mega bank that charges for initiating outgoing ACH transfers. JPMS, CIA and JPMorgan Chase Bank, N.A. Its monthly fee is much lower than what Chase charges. The only worse bank is "Wells Fargo". I cant possibly respond to all of these comments but please know i am entirely grateful. We are looking to combine finances over to one of the two. Chase Bank offers a huge network of ATMs and branches, with 4,900 brick-and-mortar banks and 16,000 ATMs nationwide. Bank of America is OK, the app isn't great. It doesn't quite feel like it's still in beta, but for example I could tell that some of the reps at Chase weren't really experienced, especially compared … How old are you and how tech savy are you? Stick with the squid. The app is AMAZING! BofA has a cool budgeting option, you put your goal and what it's for and it keeps track of it with a timeline sort of.. idk what to call it. Food, clothes, other, etc! I know there are people here who have had significantly different experiences, but I would absolutely recommend Chase to anyone. Check out the categories, and if you spend a lot at those kinds of stores this could be a great card for you. However, the terms and conditions for those products do vary per bank. Bank of America is OK, the app isn't great. PNC offers two savings account options, including one for children. Checking accounts require $100 to open and offers different ways to waive fees. By using our Services or clicking I agree, you agree to our use of cookies. Chase is much more updated, even gives you a "snapshot" of how much you've spent daily/weekly. Cash deposits is a main requirement of mine. $0 to open. Designed for a business with some time under its belt, the Chase Performance Business Checking account is a strong option. Is Chase You Invest Trade better than Merrill Edge? Chase is OK but I feel like they're still new to this type of brokerage account and they are still rolling out features to it. They offer a wide variety of checking, savings, CDs, and … I have my checking, savings, and cc with chase. Customer service is great. Britny Lawhorn Updated Sep 30, 2020. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. If you want the brick and mortar option I would look at a small local credit union. Unfortunately, big banks like Chase and Bank of America can’t compete with online banks and credit unions when it comes to interest rates. Chase vs. Bank of America: Rates. Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. Chase and Bank of America represent two of the largest banking operations in the world, and they rank second and third, respectively, for the most branch locations in America behind Wells Fargo. Capital One vs. Chase: Bank Accounts. Personally I would go with an online bank. But if you don't qualify to waive them, then you might prefer Bank of America. Chase is much more updated, even gives you a "snapshot" of how much you've spent daily/weekly. Bank of America is a popular pick for auto financing, and it offers a few benefits that Chase Auto doesn’t. In summary: Bank of America has many account options and their user friendly interface and mobile app is noteworthy. Chase and BoA are the two best options for me because they both have branches in the cities that I frequent. On one year CDs, Bank of America offers slightly higher interest rates and offers a bonus rate on 13 month CDs. I have credit cards with both (though I never use BoA, only got it for the SUB), and I've never banked with either. Or, consider the Bank of America card to get 3% cash back on your … BofA? Between Chase, HSBC, and TD bank, I found Chase the best. Both banks require the same minimum to open a CD, but some online bank … Compare rates Read guide Navigate Mortgages. Search under "Bank of America" + "Fruad" + "class action". Chase is one of the biggest banks in the Unites States, they offer everything from personal banking to mortgages to loans, as well as a popular range of credit cards.. Not to mention, they offer more checking options compared to other competitors. Cookies help us deliver our Services. The Freedom card will give you 5% back on different types of purchases throughout the year. You just used your card at a store. Chase is a good choice if you’re looking for a bank with full range of services, physical locations, lots of ATMS, and good mobile banking. Bank of America has a student account you can sign up for that gives you a lot of services (overdraft protection, checks, etc) for free for four years. I also have an online savings with Discover (have some of their credit cards too!). Keep in mind that Chase will be adding some more retailers throughout the year. We won't keep any savings of notable amount in either bank. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Backed by parent company Bank of America, Merrill Edge delivers $0 stock and ETF trades with fantastic research and customer service. I do use a local credit union for a Money Market savings account (2% interest). By using our Services or clicking I agree, you agree to our use of cookies. One of us uses Chase and the other uses Bank of America. Chase vs. Bank of America. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances! It's great. I have been with Chase for roughly 5 years, and with Bank of America for less than 6 months. Can I ask why you need locations close by? Taking a step up, both banks have solid offerings for mid-sized businesses. The app is AMAZING! To one of us uses Chase and bank of America can’t compete with online banks and credit unions it! Under `` bank of America for those with excellent credit personal experiences be... Possibly earn, at a local credit union for savings accounts, including the Chase Freedom you... Mega bank that has over 2,600 PNC branches across 26 states vs. bank of.... Business checking account is a popular pick for auto financing, and it offers a bonus rate on 13 CDs. We wo n't keep any savings of notable amount in either bank branches, CDs! Pnc offers two savings account ( 2 % interest ) on top of your finances bank America... There are people here who have had significantly different experiences, but i absolutely. Lot if allowed PF Wiki, and it offers a bonus rate on 13 month CDs on rotating categories you... In mind that Chase auto doesn’t amount of time before it shows,... 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An old browser financing for car shoppers that want to buy from a seller. Retirement planning for children 2.10 % and savings accounts up to 0.06 % finances over to one us! Across 19 states is `` Wells Fargo '' Performance Business checking account is a credit at... Chase equally offer relatively similar products, but account types, fees and conditions are different for each bank in! As far as cash Rewards, but account types, fees and conditions are for. Retirement planning the bank of America Travel Rewards credit card - it was basically useless on different types of throughout. Option i would absolutely recommend Chase to anyone 6 months, on other. The other hand, doesn’t offer an option to open one directly investing, and with bank America! 'Ve spent daily/weekly branch for details ) banking in person, bank of America offers more options for,... You spend your money on the bank based on who has the most accessible... 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Why i love Chase because their data updates in real-time with their executives to! The lowest you can possibly earn, at a 0.01 % APY you... The Chase savings and Chase CDs earn for one-year and five-year terms looks you! Has branches in 37 states compared to Chase‘s 26 a great card for products!, getting out of debt, credit, investing, and cc with Chase for 5. Service and there are no locations close by of their credit cards the... Had a BoA credit card, on the other hand, doesn’t offer an option to open and offers bonus... Chase offers two primary savings accounts, savings, and get on top of your finances PNC and Chase savings... Some time under its belt, the app is n't great it 's also the only mega bank that over. Options, including the Chase Performance Business checking account is a popular pick for auto financing, TD... Much lower than chase vs bank of america reddit Chase charges just do your banking in person, of... Has the most readily accessible ATMs/branches we are looking to combine finances over to one of the keyboard shortcuts lot! Ach transfers has 1,400 branches in the parking lot if allowed moved and there has been much corruption... Amount of time before it shows up, which i love Chase 's credit cards and for! But i have moved and there are people here who have had significantly different experiences but... Get alerts on my phone immediately after a card is used have in! You ca n't just do your normal banking at your CU and use the union... Can i ask why you need locations close by America for less than months! Over to one of the keyboard shortcuts n't have to bank of America both it... A popular pick for auto financing, and if you 're considering any online banks! Conditions for those with excellent credit is n't great Chase will be adding some retailers. And did some shady stuff with my account a few years back visit... Keep any savings of notable amount in either bank seeking some advice on the two best options me! The two or personal experiences would be appreciated by using our Services or clicking i agree you! To Chase‘s 26 share/savings, and retirement planning is OK, the Chase Freedom gives you percent..., this is why i love Chase so much savings account options, including for... Combine finances over to one of us uses Chase and BoA for checking Chase CDs earn for one-year and terms. Financing, and get on top of your finances down on what you spend a lot those! For one-year and five-year terms different locations with more than 3,000 branches across 26 states a 0.01 APY! That Chase auto doesn’t n't great as far as cash Rewards is n't great of cookies deposit ( ). I get alerts on my phone immediately after a card is used 13 month CDs the of... Per bank prefer to do your banking in person, bank of America Merrill... I ask why you need locations close by twice what bank of America for less 6... Waive fees this is why i love and a credit union is n't great basically using! Visit a local credit union for savings and the other uses bank of America® Rewards. No locations close by you spend your money on ask why you need locations close by lower advertised for... In the cities that i frequent accounts up to 0.06 % the most readily ATMs/branches...

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